The government is expected to propose amendments to the competition law after taking into consideration various suggestions of a Parliamentary panel, in the upcoming Budget session of Parliament, according to a senior official. Besides, discussions are going on with respect to amendments to the Insolvency and Bankruptcy Code (IBC) as well as the Companies Act, [...]
Shares of HDFC Bank gained more than 1 per cent in initial trade on Monday after the firm reported 19.9 per cent jump in its net profit for the third quarter ended December 2022. The stock climbed 1.47 per cent to Rs 1,624.40 at the BSE. On the NSE, it advanced 1.29 per cent to [...]
India's IT services heavyweights delivered between 14-20 per cent on-year growth in topline for December quarter, as they raised guard on global uncertainties and choppy verticals, but remained hopeful that costs as well as business considerations will drive tech demand. The tech earnings season began with large IT companies -- Tata Consultancy Services (TCS), Infosys, [...]
Shares of Wipro on Monday climbed nearly 2 per cent in early trade after the company reported a better-than-expected 2.8 per cent rise in consolidated net profit for the December 2022 quarter. The stock gained 1.81 per cent to Rs 400.80 apiece on the BSE. At the NSE, it climbed 1.80 per cent to Rs [...]
The Confederation of Indian Alcoholic Beverage Companies (CIABC) has written to the Delhi Government seeking removal of rules that allegedly discriminate against Indian-made products and promote imports in the forthcoming excise policy for 2023-24. Suggesting measures for the incorporation in the forthcoming excise policy for the next financial year, the representative body of the Indian [...]
Ahead of the Union Budget, Finance Minister Nirmala Sitharaman said on Sunday that she was aware of the pressures of the middle class but also recalled that the present government has not imposed any fresh taxes on them. Sitharaman will present Union Budget for 2023-24 in the Lok Sabha on February 1 amid expectations that [...]
To expedite the redevelopment of the mill land, the National Textile Corporation (NTC) has formed a committee to study and suggest ways for rehabilitating the people living in the premises of nine of its defunct mills in the central areas of the megapolis, Union industry and commerce minister Piyush Goyal said on Sunday. The city [...]
The United Forum of Bank Unions has given a call for a two-day nationwide strike on January 30 and 31 to press for various related to the 11th wage settlement of bank employees, a union leader said on Sunday. The 11th wage settlement of bank employees had occurred on November 11, 2020 between the Indian [...]
Mishandling, malfunctioning of aircraft system or pilot fatigue could be among the factors that caused the deadly plane crash in Nepal that killed at least 68 people on Sunday, according to pilots and an aircraft accident investigation expert. They also said the exact reasons that led to the accident will be known only after a [...]
'Think-20' meeting under the G20 will begin in Bhopal on Monday during which experts and foreign guests will discuss various topics, including 'Global Governance with LiFE, Values, and Wellbeing', officials said. Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Saturday evening reviewed preparations for the two-day meeting, which will be attended by 94 representatives from [...]
